Highest-materiality recent filing
Geospace Q3 revenue $15.8M (-36% YoY), net loss $9.7M; wins $10.8M Navy contract
Q3 revenue $15.8M vs $24.8M a year ago; net loss $9.7M ($0.75/sh) vs income $0.8M ($0.06/sh).
Geospace Q2 net loss $0.86/share; revenue $19.7M, workforce cut ~20% for $12M annual savings
Q2 revenue $19.7M vs $18.0M YoY; net loss $11.1M ($0.86/diluted share) vs $9.8M loss ($0.77) YoY.
Geospace announces 20% workforce reduction, expects ~$10M annual cash savings
Voluntary Early Retirement and Reduction in Force implemented, cutting ~20% of global workforce.
Directors Thomas L. Davis, Richard F. Miles, and Walter R. Wheeler elected for three-year terms; for votes 5,063,822 to 5,334,283.
Geospace Q1 FY2026 revenue falls 31% to $25.6M; net loss of $9.8M ($0.76/share)
Revenue $25.6M vs $37.2M YoY; net loss $9.8M vs net income $8.4M.
Geospace Q4 net loss $0.71/shr; FY rev $110.8M, down 18%; secures Petrobras PRM contract
Q4 revenue $30.7M vs $35.4M YoY; net loss $9.1M ($0.71/shr) vs $12.9M loss ($1.00/shr).
Geospace Technologies enters $25M revolving credit facility with Woodforest National Bank
$25M revolving credit facility for three years, secured by substantially all assets.
Geospace posts Q3 profit of $0.8M; wins major OptoSeis contract and Pioneer land node sale
Revenue $24.8M (-4% YoY); net income $0.8M ($0.06 EPS) vs net loss $2.1M (-$0.16 EPS) year ago.
Geospace Q2 net loss widens to $9.8M; revenue falls 26% to $18M, Smart Water segment hits record
Net loss of $9.8M ($0.77/share) vs $4.3M loss ($0.32/share) a year ago.
Geospace Technologies enters new employment agreements with CEO and CFO effective Jan 1, 2025
CEO Richard J. Kelley base salary set at $385,000 under two-year term starting January 1, 2025.
Geospace Technologies shareholders re-elect directors, ratify auditors, approve say-on-pay
Edgar R. Giesinger, Jr. and Richard J. Kelley re-elected as directors for three-year terms.
Geospace Q1 FY2025 revenue $37.2M, net income $8.4M; new segments introduced
Revenue $37.2M vs $50.0M YoY; net income $8.4M ($0.65 diluted EPS) vs $12.7M ($0.94 diluted EPS).
Senior VP Robbin B. Adams resigns from Geospace Technologies
Adams resigned on January 3, 2025, to pursue other interests.
Geospace chairman Gary Owens to not seek re-election; Stephen Jumper named chairman
Gary D. Owens will not stand for re-election at Feb 6, 2025 annual meeting and stepped down as Chairman immediately.
Geospace reports FY2024 net loss $6.6M on non-cash charges; revenue up 9% to $135.6M
FY2024 adj. net income $10.7M vs $12.2M prior year; Q4 adj. net income flat at $4.4M.
Geospace realigns into Smart Water, Energy Solutions, Intelligent Industrial segments for FY2025
Smart Water segment includes Hydroconn cables (sales volume up 400%+ over decade) and Aquana valves.
Geospace Q3 revenue $25.9M, net loss $2.1M; CEO succession; buyback extended
Q3 fiscal 2024 revenue $25.9M (down 21% YoY); net loss $2.1M ($0.16/share) vs net income $3.2M ($0.24/share) in prior year.
Geospace Q2 revenue down 23% to $24.3M, net loss $4.3M; appoints COO, $5M buyback
Q2 FY2024 revenue $24.3M (down 23% YoY); net loss $4.3M ($0.32/sh) vs net income $4.6M ($0.35/sh) a year ago.
Geospace shareholders elect directors, ratify auditor, approve say-on-pay
Margaret Sidney Ashworth and Stephen C. Jumper elected to 3-year terms; Ashworth received 6,936,927 for, 154,504 against; Jumper 7,073,278 for, 21,894 against.
Geospace Q1 revenue $50M (+60% YoY), net income $12.7M vs loss; Mariner sale drove results
Revenue $50.0M, highest in nearly ten years, up 60% from $31.1M a year ago.
Geospace appoints Stephen Jumper, former Dawson CEO, to board
Stephen C. Jumper appointed Class II director effective Dec 21, 2023, term expiring at 2024 annual meeting.
Geospace reports FY2023 net income $12.2M ($0.92 EPS) on record revenue $124.5M
Revenue $124.5M (largest since 2014), up from $89.3M; net income $12.2M vs net loss $22.9M prior year.
Geospace Q3 revenue $32.7M (+58% YoY), net income $0.24/shr vs ($0.51) loss
Q3 revenue $32.7M, highest quarterly revenue in nine years; net income $3.2M.
Geospace enters $15M revolver with Woodforest; SOFR+3.25%, tangible net worth covenant at $100M
Revolving credit facility max $15M, borrowing base on 80% eligible receivables, 90% foreign insured receivables, 25% inventory, 50% equipment orderly liquidation value.
Geospace CTO Michael Sheen retires; Robbin Adams appointed as successor
Michael Sheen retired as SVP & CTO effective June 30, 2023; consulting agreement for $250/hr starting July 1.
Geospace Q2 revenue $31.4M, net income $0.35/share vs loss of $0.11
Revenue $31.4M (vs $24.7M YoY); net income $4.7M vs net loss $1.5M.
Geospace Technologies sells Houston satellite property for $4M, plans relocation
Sold satellite property at 6410 Langfield Road, Houston, TX for $4,000,000 on Feb 27, 2023.
Thomas L. Davis elected with 5.17M For vs 1.71M Against; Richard Miles with 5.32M For; Walter Wheeler with 5.56M For.
Geospace Q1 revenue $31.1M (+73% YoY); net loss narrows to $0.1M from $6.8M
Revenue $31.1M, highest quarterly revenue since 2014; Oil & Gas segment up 109% to $20.1M.
Geospace reports $22.9M FY2022 loss; Q4 revenue up 33% but full-year revenue down 6%
Full-year revenue $89.3M, net loss $22.9M ($1.76/sh) vs. prior year $94.9M revenue, $14.1M loss ($1.05/sh).
Director Kenneth Asbury resigns from Geospace Technologies Board effective November 3, 2022
Kenneth Asbury resigned from the Board of Directors effective immediately on November 3, 2022, for personal reasons.
Geospace Q3 net loss widens to $6.6M; Adjacent Markets segment revenue record $10.9M
Q3 revenue $20.7M, down from $23.1M YoY; net loss $6.6M ($0.51 EPS) vs loss $0.8M ($0.06).
Geospace Technologies schedules Q3 2022 earnings release for Aug 9, conference call Aug 10
Third quarter 2022 results to be released after market close on August 9, 2022.
Geospace Q2 revenue $24.7M, net loss narrows to $1.5M; Adjacent segment record $9.2M
Revenue rose 3.3% YoY to $24.7M; net loss improved to $(0.11)/share from $(0.53)/share.
Geospace enters $10M revolving credit facility with Amerisource and Woodforest
Maximum borrowing of $10M, secured by real estate, equipment, AR, and inventory.
Geospace schedules Q2 2022 earnings release for May 11; call May 12
Q2 2022 financial results to be released after market close on May 11, 2022.
Geospace Q1 fiscal 2022 net loss $6.8M ($0.52/share) on revenue $18.0M, down 37% YoY
Net loss $6.8M, diluted EPS ($0.52), vs net loss $1.1M ($0.08) in Q1 fiscal 2021.
Geospace announces Q1 2022 earnings release on Feb 1, conference call Feb 2
Q1 fiscal 2022 results to be released on Tuesday, February 1, 2022 after market close.
Geospace Tech FY2021 revenue $94.9M (+8% YoY); net loss narrows to $14.1M
FY2021 revenue $94.9M vs $87.8M prior year; net loss $14.1M ($1.05 EPS) vs $19.2M ($1.42 EPS).
Geospace announces Q4/FY2021 earnings release and conference call dates
Q4 and FY2021 results will be released on Nov 18, 2021 after market close.
Geospace Q3 net loss narrows to $0.8M; Adjacent Markets revenue jumps 84% YoY
Net loss of $0.8M ($0.06 per share) on revenue of $23.1M vs loss of $2.3M ($0.17) on $22.7M in Q3 2020.
Geospace Technologies schedules Q3 2021 earnings release for Aug 5, conference call Aug 6
Q3 2021 financial results to be released after market close on Thursday, August 5, 2021.
On January 3, 2025, Robbin B. Adams resigned from his position as Senior Vice President of Geospace Technologies Corporation (the “Company”) in order to pursue other interests.
Mr. Owens also stepped down as Chairman of the Board but will remain a board member until the 2025 annual meeting.
The Board has appointed Stephen C. Jumper to serve as the Company’s new Chairman of the Board effective immediately.
On November 21, 2024, Gary D. Owens notified Geospace Technologies Corporation (the “Company”) that he will not seek re-election to the Company” board of directors (the “Board”).
Walter (Rick) Wheeler will remain with the Company as Principal Executive Officer and Senior Strategic Advisor to the CEO through and until his retirement on December 31, 2024.
the Company’s Board of Directors elected Richard (Rich) Kelley, currently serving as Executive Vice President and Chief Operating Officer, to the role of President and Chief Executive Officer.
On April 29, 2024, the Company appointed Richard Kelley as its Executive Vice President and Chief Operating Officer (“COO").
On December 21, 2023, the board of directors (the “Board”) of Geospace Technologies Corporation (the “Company”) appointed Stephen C. Jumper as a Class II director of the Company for an initial term expiring at the Company’s annual meeting in 2024
Michael J. Sheen notified Geospace Technologies Corporation (the “Company”) of his intention to retire and resign from his position as Senior Vice President and Chief Technical Officer of the Company, to be effective June 30, 2023.
On June 30, 2023, the Company appointed Robbin B. Adams, age 65, as Senior Vice President and Chief Technical Officer of the Company effective July 1, 2023.
On November 3, 2022, Kenneth Asbury notified the Chairman of the Board of Directors (the “Board”) of Geospace Technologies Corporation (the “Company”) of his decision to resign from his position as a member of the Board, effective immediately for personal reasons to include pursing opportunities more closely aligned with his expertise.
Max materiality 0.85 · Median 0.60 · Most common event earnings